Time Charter Contract for Liftboat

The Group has secured a time charter contract for its Liftboat, the Blue Titanium. The Liftboat will be deployed in Southeast Asia to support rejuvenation works for oil and gas platforms for a National Oil Company. It is to be deployed in the later part of the 2nd quarter of 2018. This charter is expected to contribute to the Group’s financial performance for the financial year ending 31 December 2018.